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Terms Used In Alaska Statutes 13.16.635

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • property: includes real and personal property. See Alaska Statutes 01.10.060

After assets of an estate have been distributed and subject to Alaska Stat. § 13.16.645, an undischarged claim not barred may be prosecuted in a proceeding against one or more distributees. A distributee is not liable to claimants for amounts received as exempt property, homestead or family allowances, or for amounts in excess of the value of a distribution as of the time of distribution. As between distributees, each shall bear the cost of satisfaction of unbarred claims as if the claim had been satisfied in the course of administration. Any distributee who fails to notify other distributees of the demand made upon the distributee by the claimant in sufficient time to permit them to join in any proceeding in which the claim was asserted against the distributee loses the right of contribution against other distributees.